{"id":"ermin-sharich","title":"Ermin Sharich","content":"**Ermin Sharich** is a [blockchain](https://iq.wiki/wiki/blockchain) professional, entrepreneur, and investor known for his work in digital assets, [stablecoin](https://iq.wiki/wiki/stablecoin) design, and [decentralized finance (DeFi)](https://iq.wiki/wiki/defi). He is the co-founder and CEO of [Aegis](https://iq.wiki/wiki/aegis), a financial technology company developing the [Bitcoin](https://iq.wiki/wiki/bitcoin)-backed [stablecoin](https://iq.wiki/wiki/stablecoin) YUSD. Based in Dubai, United Arab Emirates, Sharich focuses on building crypto-native financial infrastructure, emphasizing transparency and stability mechanisms independent of the traditional banking system. [\\[1\\]](#cite-id-DEtSFGDNcvng7E4U)​\n\n## Career\n\nSharich began his career in 2018 as an Audit Associate at KPMG, where he worked on audit-related tasks across various client engagements until the end of 2019. In early 2020, he moved into digital asset research as a Senior Analyst at Cointelegraph Consulting, where he contributed to strategy, research, and client support across blockchain, valuations, and fundraising until 2022. He briefly served as Strategy and Business Development Manager at COIN360 from mid-2021 to early 2022, focusing on commercial pipeline development, partnerships, and internal product and strategy work. In 2022, he transitioned to Gate.io as an Institutional Strategy Manager, a position he held for roughly 18 months. From 2022 to 2024, Sharich worked as an Investor at Pretiosum Ventures, evaluating early-stage technology companies and managing venture investment activities. In 2024, he co-founded [Aegis](https://iq.wiki/wiki/aegis), where he serves as CEO, focusing on developing YUSD, a bitcoin-backed stablecoin. [\\[4\\]](#cite-id-EX0wYr86iul5bkvo) \n\n## Interviews\n\n### Future of DeFi\n\nIn a May 2025 interview on the Crypto Coin Show, Sharich discussed [Aegis](https://iq.wiki/wiki/aegis) and its approach to creating a [Bitcoin](https://iq.wiki/wiki/bitcoin)-backed, delta-neutral stablecoin. He explained that [Aegis](https://iq.wiki/wiki/aegis) maintains stability by hedging [Bitcoin](https://iq.wiki/wiki/bitcoin) exposure through short-margin positions and generates yield from perpetual funding rates, positioning the asset as a transparent, yield-bearing alternative in [DeFi](https://iq.wiki/wiki/defi). Sharich compared this model with [fiat](https://iq.wiki/wiki/fiat-money)-backed [stablecoins](https://iq.wiki/wiki/stablecoin), noting concerns around [collateral](https://iq.wiki/wiki/collateral) clarity and past stress events involving major issuers. He outlined how [Aegis’s](https://iq.wiki/wiki/aegis) delta-neutral structure reduces market risk, described the competitive landscape dominated by traditional USD-backed [stablecoins](https://iq.wiki/wiki/stablecoin), and emphasized the project’s focus on [DeFi](https://iq.wiki/wiki/defi) integrations and usability improvements. He also addressed regulatory uncertainties, liquidity fragmentation, and broader adoption challenges, while highlighting [Aegis’s](https://iq.wiki/wiki/aegis) plans to expand platform integrations, build liquidity, and maintain transparency through public updates and a real-time dashboard. [\\[5\\]](#cite-id-g3t4sSREN6YYsreN) \n\n[YOUTUBE@VID](https://youtube.com/watch?v=ggifDkSoMws)\n\n### Aegis\n\nIn an April 2025 episode of *Token For Your Thoughts*, Sharich discussed the expansion of the [stablecoin](https://iq.wiki/wiki/stablecoin) sector, noting rising wallet activity and circulation. He outlined his early interest in engineering, his shift toward finance, and his first exposure to [Bitcoin](https://iq.wiki/wiki/bitcoin) while in university, which later led to work in [crypto](https://iq.wiki/wiki/cryptocurrency) consulting. After time at KPMG, he moved to a [crypto](https://iq.wiki/wiki/cryptocurrency) startup and eventually co-founded [Aegis](https://iq.wiki/wiki/aegis), where he helped develop YUSD, a [Bitcoin](https://iq.wiki/wiki/bitcoin)-backed [stablecoin](https://iq.wiki/wiki/stablecoin) intended to operate without reliance on the [fiat](https://iq.wiki/wiki/fiat-money) system, especially given past [stablecoin](https://iq.wiki/wiki/stablecoin) failures. He described the [stablecoin’s](https://iq.wiki/wiki/stablecoin) structure, which uses [Bitcoin](https://iq.wiki/wiki/bitcoin) [collateral](https://iq.wiki/wiki/collateral) offset by perpetual short positions, along with a dashboard designed to show reserve data. Sharich also spoke about the company’s long-term goal of transitioning governance to a DAO, the regulatory and competitive challenges of building in the [stablecoin](https://iq.wiki/wiki/stablecoin) market, and his expectation that the sector will consolidate around a smaller number of major issuers. He concluded by outlining growth targets for YUSD and describing plans to expand community participation as the project develops. [\\[3\\]](#cite-id-UCMhtDEEeMEJwzmD) \n\n[YOUTUBE@VID](https://youtube.com/watch?v=WxKX6VEGhfw)","summary":"Ermin Sharich is a blockchain professional and the co-founder and CEO of Aegis. 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